China’s major retailers see robust sales growth

NANJING — China’s top 100 retailers saw combined sales jump 26.2 percent year on year to 3.37 trillion yuan ($544 billion) in 2014, an industry association official said on July 9.

Wang Yao, vice president of China General Chamber of Commerce, said at an expo held in the eastern city of Kunshan that the annual growth rate for leading retailers was 6.4 percentage points higher than in 2013 due to the explosion of e-commerce.